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need help finding LIFO and moving average. thank you Kingbird, Inc. began operations on July 1. It uses a perpetual inventory system. During July, the
need help finding LIFO and moving average. thank you
Kingbird, Inc. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Date Purchases Units Unit Cost 12 Sales Units July 1 $60 July 6 10 July 11 00 8 $65 B GO July 14 July 21 10 $70 9 July 27 Calculate average cost for each unit. (For calculation and answers purpose round unit costs to 2 decimal places, eg. 15.25.) July 1 $ 60 July 6 $ 60 July 11 $ 64 July 14 $ 64 69 July 21 $ 69 Determine the ending inventory under a perpetual inventory system using (1) FIFO.(2) moving-average, and (3) LIFO. (For calculation and answers purpose round unit costs to 2 decimal places, eg. 15.25 and ending inventory values to decimal places, eg. 515.) FIFO MOVING-AVERAGE LIFO The ending inventory under a perpetual inventory system 210 180 Step by Step Solution
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